I had the same question for Matt! I added some here at 58.70, but it may fill the gap, which means adding more at 59.20 or so.

There's been a low volume pullback on GMXR from the recent highs. Trying to decide if the $5 area is a good place to buy a partial position. I've been burned by this stock in the past, so that memory is haunting me a little.

thanks guys. I really have no idea about these things.

I'm having the same problems.

mee too. All reply postings are showing up as their own post, not under the orig post.

great chart!

GDX nearly hit a price target of mine today, so I sold my remaining position. Using rank10's GDX graph showing the nine gaps that filled in subsequent days, I averaged the nine moves from the top of each gap to its highest high, which was $2.79. Adding that to the top of the gap last Thursday gave a price of $61.87. Today's high was $61.85, which was close enough in my book. May well go higher, but it was a nice ride. Maybe not the most sophisticated price target, but it kept me in my long position when I was feeling like I should get out! Next thing to watch is the GDX:GLD ratio to catch a sell signal to go short. Thanks for that tip, Matt.

Yes, thanks rank10! I own a tiny amount from .21 (American).

what does your chart read for a b/o? 20?

Matt, when you have a moment, would you clarify exactly how the GDX trade is supposed to work, as well as how it in fact has worked in the past, when the 83.5% bullish threshold is reached? There is some confusion about whether, as a system rule, you're supposed to sell longs and wait for the 8 MA crossover to go short, or sell and go short immediately. In one post last week, you mentioned that the rule is the latter, but mamaduck says it's the former.

go to "newsletters" and mouse over last Thursday, Nov 4th. click on "GDX swing system update" and you will see Matt has four options for how to play this particular circumstance. Interestingly, one approach for selling and/or going short (if you've already sold) involves using a 60 minute chart and following either the 60/3 slo sto for a cross under 80, or watch for the GDX:GLD ratio to break the trendline. For the trendline, see Matt's blog post of Nov 4th w/ a Stockchart.com graph.

Yep, right up against the uptrend line @ 3 p.m. Could bounce off it I suppose.

Just a little sarcasm/blowing a little steam. Yes, no worries, I can't buy it all w/ the resources I have.

were you thinking b/o above the 200 MA? Or shorting when it was up against it this morning? Eh, probably both!

Day's not over yet. I posted some statistics on an earlier thread about what GDX has done after gap days. To rehash, for gaps which were filled in subsequent days, there is on average four days with higher highs than the high of the gap day, and on average the highest intraday high after a gap day is $2.79 above the top of the gap.

Matt's standard reply is to buy the mutual fund SPPIX. However, w/ Fidelity anyway, there is a $7,500 minimum purchase (IIRC) and something like a $75 penalty for withdrawing before 180 days, so for me it's a nonstarter.

For the nine gaps that were filled, the average move from the gap to the highest intraday high was $2.79.

Of the gaps that were closed, the average number of succeeding days that had a higher intraday high than gap day is four. All gap up days had at least one successive higher intraday high. Sample size is only nine, though, so what we can infer about the present gap is less secure statistically.